U.S. Bank Regulatory and Bank M&A

With several former regulators and banking general counsels on the team, we advise clients with practical advice on bank and holding company issues, affiliate relationships, insider lending, bank secrecy, exam and foreign bank law issues. We also have extensive experience in dealing with the most senior level bank regulatory officials on a broad array of topics and issues. We are experienced in all manner of bank and nonbanking expansion proposals and control issues, as well as in the organization of de novo commercial banks and savings associations, and in providing strategic planning advice to clients considering the advantages of acquiring an FDIC-insured institution.

Reed Smith offers dedicated resources across the multiple facets of regulatory financial services. Our geographical reach enables us to advise global financial institutions in multiple jurisdictions and regulatory regimes. In the United States, we have advised clients on the myriad legislative reforms in this sector, including TARP and the related federal programs, as well as the meaning, implications, and regulatory rulemakings of the Dodd-Frank Act. We also advise non-bank entities on proposed acquisitions of depository institutions and the implications of conversions to bank holding company status. Our teams frequently work on matters straddling the banking, securities and insurance sectors.

We represent major financial institutional clients before all the relevant federal regulatory agencies in the United States:

  • Federal Deposit Insurance Corporation
  • Federal Reserve Board
  • Office of the Comptroller of the Currency
  • Office of Thrift Supervision
  • Federal Trade Commission
  • Department of Housing and Urban Development
  • National Credit Union Administration
  • Federal Housing Finance Agency
  • State regulatory and licensing agencies supervising state banks, mortgage brokers and bankers, money transmitters, consumer installment lenders and sales finance agencies

In addition to our vast experience and understanding of the financial services regulatory landscape, our group offers the unique capabilities of former general counsel from major financial institutions. Combined, they possess more than 35 years of experience as general counsel, leading their respective banks through various business, economic and regulatory environments. Given their previous roles, they have a particular appreciation for the implications federal and state regulations can have on a banking organization and its businesses. Specifically, these individuals have experience across a broad array of issues, including all types of bank regulatory matters, banking and non-bank acquisitions, securities law issues, corporate governance issues, and all aspects of board dealings.